Aditya Birla Nuvo (ABNL) is planning to invest Rs 350 crore in its financial services business in the current fiscal. The company has earmarked a capital expenditure plan of around Rs 460 crore for 2014-15.
Aditya Birla Nuvo is a $4 billion conglomerate operating in the services and the manufacturing sectors, where it commands a leadership position. Its service sector businesses include Financial Services (Life Insurance, Asset Management, NBFC, Private Equity, Broking, Wealth Management and general insurance advisory), Fashion & Lifestyle (Branded apparels & Textiles) and Telecom.
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